Juan Pablo Ruiz is my favorite Colombian environmentalist because he is completely rational, completely pragmatic without losing one bit of his passion and commitment. Recently, he wrote a pair of columns directed at Colombia’s future president that touched on the strategy of reducing demand or supply of fossil fuels. I might have written them or at least something like them.
The ACP issued a press release on the last day of its Grand Forum which covered events of the day but also wrapped up the major themes. We have already covered Day 2 so here we translate the broader ideas and provide our own commentary.
Oil prices were up again last week, Brent closing Friday at US$111.70 (according to FT.com). This is not a record or even a record for the period since Russia’s invasion of the Ukraine on February 22nd. But the 13-week Moving Average hit US$102.36 for the first time in almost 8 years and the 52-week moving average was US$81.52 for the first time since 2015, nearly seven years. These signals may mean some changes in producer and consumer behavior. But probably not yet in Colombia on the consumer side.
A recent New York Times (NYT) article quoted Anthony Leiserowitz, the director of the Yale Program on Climate Change Communication calling the phrase “energy transition”, a “floating signifier”, going on to define this as “a blank term that you can fill with your own preferred definition.” Since MinEnergia talks about energy transition a lot and it seems to define current policy, this seems to be an important discussion.